INQQ vs. ADVE

Last updated Apr 1, 2026

Compare and contrast key facts about India Internet & Ecommerce ETF (INQQ) and Matthews Asia Dividend Active ETF (ADVE).

INQQ and ADVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INQQ is a passively managed fund by India that tracks the performance of the INQQ The India Internet & Ecommerce Index - Benchmark TR Gross. It was launched on Apr 5, 2022. ADVE is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

INQQ vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in India Internet & Ecommerce ETF (INQQ) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

INQQ vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
INQQ India Internet & Ecommerce ETF	-20.92%	-7.05%	19.12%	9.98%
ADVE Matthews Asia Dividend Active ETF	6.57%	26.12%	7.02%	5.13%

Returns By Period

In the year-to-date period, INQQ achieves a -20.92% return, which is significantly lower than ADVE's 6.57% return.

INQQ

• 1D: 3.01%
• 1M: -7.98%
• YTD: -20.92%
• 6M: -24.20%
• 1Y: -16.96%
• 3Y*: 7.20%
• 5Y*: —
• 10Y*: —

ADVE

• 1D: 3.40%
• 1M: -7.71%
• YTD: 6.57%
• 6M: 10.65%
• 1Y: 32.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

INQQ vs. ADVE - Expense Ratio Comparison

INQQ has a 0.86% expense ratio, which is higher than ADVE's 0.79% expense ratio.

INQQ

India Internet & Ecommerce ETF

ADVE

Matthews Asia Dividend Active ETF

Return for Risk

INQQ vs. ADVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INQQ

INQQ Risk / Return Rank: 2
INQQ Sharpe Ratio Rank: 1
INQQ Sortino Ratio Rank: 1
INQQ Omega Ratio Rank: 1
INQQ Calmar Ratio Rank: 3
INQQ Martin Ratio Rank: 1

ADVE

ADVE Risk / Return Rank: 88
ADVE Sharpe Ratio Rank: 88
ADVE Sortino Ratio Rank: 88
ADVE Omega Ratio Rank: 89
ADVE Calmar Ratio Rank: 87
ADVE Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INQQ vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for India Internet & Ecommerce ETF (INQQ) and Matthews Asia Dividend Active ETF (ADVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	INQQ	ADVE	Difference
Sharpe ratio Return per unit of total volatility	-0.85	1.86	-2.71
Sortino ratio Return per unit of downside risk	-1.14	2.51	-3.65
Omega ratio Gain probability vs. loss probability	0.86	1.38	-0.52
Calmar ratio Return relative to maximum drawdown	-0.56	2.75	-3.31
Martin ratio Return relative to average drawdown	-1.66	10.93	-12.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INQQ vs. ADVE - Sharpe Ratio Comparison

The current INQQ Sharpe Ratio is -0.85, which is lower than the ADVE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of INQQ and ADVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	INQQ	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.85	1.86	-2.71
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	1.19	-1.54

Correlation

The correlation between INQQ and ADVE is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

INQQ vs. ADVE - Dividend Comparison

INQQ's dividend yield for the trailing twelve months is around 2.82%, which matches ADVE's 2.80% yield.

	TTM	2025	2024	2023
INQQ India Internet & Ecommerce ETF	2.82%	2.23%	1.18%	0.04%
ADVE Matthews Asia Dividend Active ETF	2.80%	2.97%	6.00%	0.37%

Drawdowns

INQQ vs. ADVE - Drawdown Comparison

The maximum INQQ drawdown since its inception was -40.53%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for INQQ and ADVE.

Drawdown Indicators

	INQQ	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-40.53%	-18.41%	-22.12%
Max Drawdown (1Y) Largest decline over 1 year	-30.41%	-11.73%	-18.68%
Current Drawdown Current decline from peak	-30.41%	-8.73%	-21.68%
Average Drawdown Average peak-to-trough decline	-16.68%	-3.20%	-13.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.35%	2.95%	+7.40%

Volatility

INQQ vs. ADVE - Volatility Comparison

The current volatility for India Internet & Ecommerce ETF (INQQ) is 7.26%, while Matthews Asia Dividend Active ETF (ADVE) has a volatility of 8.77%. This indicates that INQQ experiences smaller price fluctuations and is considered to be less risky than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INQQ	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	8.77%	-1.51%
Volatility (6M) Calculated over the trailing 6-month period	12.31%	12.93%	-0.62%
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	17.59%	+2.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.84%	15.11%	+4.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.84%	15.11%	+4.73%